How Analysts Feel About Intel After Earnings

By Chris Lange Updated Jan 13, 5:21AM EST · Published Jul 24, 10:45AM EDT

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How Analysts Feel About Intel After Earnings — © courtesy of Intel Corp.

Intel Corp. (NASDAQ: INTC) reported second-quarter financial results after the markets closed on Wednesday. This company is far and away a leader in the tech sector. However, investors did not initially have a favorable reaction to these earnings, despite their being more or less in line. Still, analysts poured into the stock, giving their two cents on the report.

24/7 Wall St. included highlights from the earnings report, as well as what analysts were saying about the stock after the fact.

Intel said that it had $0.59 in EPS on $13.5 billion in revenue for the quarter. Consensus estimates from Thomson Reuters had called for EPS of $0.53 and $13.54 billion in revenue. In the same period of last year, it posted $0.55 in EPS on revenue of $13.2 billion.

In terms of guidance for the third quarter, Intel expects to have a gross margin of 62% on revenues of $14.9 billion, versus consensus estimates of $0.64 in EPS on $14.63 billion in revenue.

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After Intel reported earnings, analysts responded as follows:

B. Riley has a Buy rating and raised its price target to $42.
Bernstein raised its price target to $31 from $30.
Goldman Sachs has a Neutral rating and raised its target to $34 from $33.
Mizuho has a Buy rating and raised its price target to $38.
Pacific Crest has an Overweight rating and raised its target from $37 to $38.
BNP Paribas has a Neutral rating with a $37 price target.
Oppenheimer reiterated a Market Perform rating.
Morgan Stanley reiterated an Underweight rating with a $31 price target.
MKM Partners has a Buy rating with a $40 price target.
Deutsche reiterated a Buy rating, also with a $40 price target.
Credit Suisse reiterated an Outperform rating with a $40 price target.

Shares of Intel closed most recently at $34.66. The stock has a consensus analyst price target of $37.02 and a 52-week trading range of $24.87 to $35.93.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.